Custom Indicators PPO
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- Posts: 1
- Joined: Tue Sep 27, 2011 5:39 pm
Custom Indicators PPO
Anyone out there that has created Percentage Price Oscillator(PPO) for Forex Trader?
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- Posts: 103
- Joined: Sun Jan 02, 2011 6:05 pm
aurther11 wrote:The Percentage Price Oscillator (PPO) is a momentum oscillator that measures the difference between two moving averages as a percentage of the larger moving average. As with its cousin, MACD, the Percentage Price Oscillator is shown with a signal line, a histogram and a centerline. Signals are generated with signal line crossovers, centerline crossovers and divergences.
Formula:
PPO = (EMA(12) - EMA(26)) / EMA(26)
SIGNAL = EMA(PPO, 9)
HISTOGRAM = PPO - SIGNAL
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